Rathbone Investment Management has written to the board of Gabelli Value Plus+ (GVP) outlining its frustration that the trust’s largest shareholder Associated Capital Group (ACG) is "attempting to trap shareholders against their will".
Stewardship director Matt Crossman said Rathbones was "deeply concerned with the current state of affairs and the continued refusal by Associated Capital Group to countenance a wind up and their threat of legal action". Crossman added the firm was supportive of the "continued pressure being applied by other shareholders" regarding the matter. ACG calls Gabelli Value Plus+ shareholder meeting as trust's future hangs in balance Investec Wealth & Investment fired the first shot at the trust back in September 2019, accusing the then board of not "acting proactively on behalf of shareho...
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